Krystiannwk

GBGBTC Interesting price action

BITTREX:GBGBTC   GBG / Bitcoin
I marked on the chart 3 GAPS based on Daily chart . Two blue ones are recent and the yellow one is older then 1 year.
First thing we can see here is how 200ema rejected pair multiple times during the last 30 days. See eclipses on the chart.
18th of September we have very strong movement and pair with ease went through 200EMA and all three GAPS.

GAPs are not very respected by market but 200 EMA seems like swapped roles and it is playing important role as a support instead of resistance.

I would wait a little bit ans see what will happen when the pair will touch the 200ema how market reacts and then make decision.
It is also good idea but slightly more risky to enter market right now with TP around 0.0000670000.

This Idea will be updated in near future
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